Top Consumer Stocks
Consumer stocks were higher with shares of consumer staples companies in the S&P 500 climbing 0.7% this afternoon while shares of consumer discretionary firms in the S&P 500 turned higher after slumping earlier in the session.
Among consumer stocks moving on news:
(+) Laix ( LAIX ) was almost 9% higher this afternoon, retracing some of its earlier gain. The China-based English-learning services company reported a wider Q3 net loss compared with the year-ago period, but also a 265% surge in revenue.
In other sector news:
(+) Salem Media ( SALM ) was more than 1% higher on Tuesday after the radio broadcaster said it was launching Salem Surround, a multimedia ad agency offering a comprehensive suite of digital marketing services along with audience-based marketing strategies. Salem Surround also will operate in 35 markets across the country, the company said.
(-) Amazon ( AMZN ) was slightly higher this afternoon, erasing an earlier retreat, after the online retailer reported a year-over-year increase in sales volume during the five days starting on Thanksgiving Day and continuing through Cyber Monday. The company said shoppers ordered more than 180 million items through its website during the so-called "Turkey 5" shopping period and also said Cyber Monday was again the largest single shopping day in company history. Amazon also sold more than 18 million toys combined on Black Friday and Cyber Monday, while buyers ordered over 13 million fashion items during the two-day period, it said.
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